How To Sell A House In Orange County, FL And Avoid Foreclosure

How To Sell A House In Orange County, FL And Avoid Foreclosure

Life can be unpredictable at times. And if you’re facing something as life-altering as foreclosure, don’t worry if you feel a little panicked at the thought of losing your home. You may also be wondering: “Can I sell my house fast in Orange County, FL when I’m facing foreclosure?”

The simple answer is: YES!

If you’re facing foreclosure and looking for a quick way out, selling your home without a real estate agent is the best option. A traditional home sale that involves a realtor can take anywhere from six to twelve months, but you won’t have this much time to wait if you’re facing foreclosure.

Therefore, selling to cash home buyers in Orange County, FL is likely to be your best choice. A company that pays cash for houses in Orange County can purchase your home quickly and help you settle your debt. This way, you can prevent foreclosure from negatively impacting your credit score. You could also consider a short sale, though this may take more time than you have.

Here’s more on what happens during foreclosure and the options you have to avoid this.

What Causes Foreclosure?

Foreclosure happens when a borrower is no longer able to make payments on their mortgage. The lender is then entitled to sell the property to recover what’s owed to them. Foreclosure is a legal process, and there are numerous steps a lender has to follow before they can legally take possession of a home. In the end, foreclosure is a difficult situation that a homeowner should try to avoid at all costs.

During foreclosure, the homeowner and their family will be evicted from the home, and this will also leave a long-lasting black mark on their credit. But a quick cash sale can help you recover what you’ve put into the home so far, and you can sell even if you’ve defaulted on your mortgage.

What Are My Options To Avoid Foreclosure?

  • A Short Sale: This is when the bank agrees to allow you to sell your home at1 a reduced price. The reduced price appeals to a wide range of buyers and helps you sell quicker than usual. This method has pros and cons, of course. For one, you can make a quick sale and avoid a hit to your credit score. The downside is you might lose whatever you’ve spent so far paying the mortgage. The bank will keep most, if not all, of the proceeds to pay off the outstanding mortgage balance, so chances are you’ll be left with nothing after the sale.
  • Cash Sale: Companies that buy houses for cash in Orange County, FL can help you sell your home quickly, even when you’re facing foreclosure. Like a short sale, this method allows you to avoid foreclosure and protect your credit. But selling this way, you’ll get a fairer price. And you can use the money you get to repay your outstanding mortgage balance and walk away with cash left in your pockets.

Looking For Trusted Cash Home Buyers In Orange County, FL?

Get in touch with our team to sell your house the easy way and avoid foreclosure. At Central FL Houses, we buy houses in Orange County, Seminole County, Osceola, Polk County, and other parts of central Florida. We can close in as little as 30 days, and we don’t charge any realtor fees or commissions.

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